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Leased Office and Event Space
For Sale
$250,000

814 Washington Street, Waukegan, IL 60085

Fully leased office suites and event space with parking lot.

Days on Market455

Property Features for 814 Washington Street

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $7,988

Building Details

Year Built 1960
Listing Agency: JASON MITCHELL REAL ESTATE IL
Listed By: RICH WOLNIK
Source: Corcoran
Added: May 2, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JASON MITCHELL REAL ESTATE IL

Investment Insights

Based on property information with market context.

This property features three fully leased office suites and a party/event space with a history of rental income. A parking lot with 21 spaces is located in the rear of the property, offering the potential for additional income generation. The property is currently configured for office and event space use, presenting an investment opportunity.

Key Highlights

  • Fully leased office suites providing immediate rental income.
  • Established party/event space with a proven rental history.
  • Large parking lot with 21 spaces, offering potential for additional income generation.

Property Analytics

Current Use

Flo's Event Room Wedding Service M&M Financial Coaching ... Financial Advisor Eduardos Marketing Advertising Agency Need Insurance Plus ... Insurance Agency Breakthrough Boxing Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Acupuncture Catering Service Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

814
Businesses Nearby

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Fully leased office suites and event space with parking lot.
Where is this office units located?
The property is located at 814 Washington Street Waukegan, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully leased office suites providing immediate rental income.; Established party/event space with a proven rental history.; Large parking lot with 21 spaces, offering potential for additional income generation.
More about this property
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